Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 20, 2013  Wed 8:11 AM CT

BBY: SEE CHART GET CHAIN FIND STRATEGIES
Just let it come in already.

This is a market that wants to come down. It is worried about its own shadow. If oil goes down, it's because demand is weak. Retail sales are competitive? The consumer's weak. Fed doesn't taper? The job market's weak. Dollar goes down? The nation's weak.

But the market clings. It doesn't give up the ghost. It's annoying to bulls and bears alike.

TheStreet.com logoTo which I say, terrific. The market goes up hard and then retreats softly. It's four steps forward and two steps back. Ultimately, we are due for another scare. We know that one of the pillar momentum stocks, Best Buy, is getting clocked, and one of the foremost industrials, Cummins, is giving it up hard. These are bellwethers that we look to for direction, and today the direction is down.

But we know that at a certain point these stocks catch bids and hold in after a couple of days, though they have to have a few days of weakness before the bottom. They just don't give up the ghost. It seems that nothing gives up the ghost anymore. And I think it stays that way until the end of the year.

Disclosure: Cramer's charitable trust is long CMI.
Share this article with your friends


Related Stories

BBY

Best Buy sees bullish earnings play

November 6, 2014

Traders are snapping up November calls that expire one day after the electronics chain announces quarterly results.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER